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PU China 2017: Additives maker Hengguangda ups annual sales by 80%

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Guangzhou, Guangdong – China’s polyurethane catalysts and surfactants maker Hengguangda Polyurethane Materials, also known by its former name Jinlankang, saw its revenue rise by 80% in 2016 to CNY 190m ($29m).

‘We’ve been growing at similar rates over the past three years,’ the company’s sales manager Han Yusheng told UTECH-polyurethane.com in an exclusive interview at the PU China 2017 event.

Hengguangda was set up in 2005 and has 40kT/year total capacity today in its headquarters site in Suzhou, Jiangsu and its newly started site in nearby Nantong.

The company makes both amine and tin catalysts. It claims to have the world’s most advanced production line for T-9 catalysts, accounting for over a third of China’s 3kT/year T-9 capacity, said Han. Hengguangda also has up to 8kT/year surfactant capacity and sold 3kT in 2016.

Last year it launched low VOC products for flexible foam and is planning similar products for rigid foam. Low VOC and low odor products have been driving the company’s growth, said Han.

With marginal overseas sales, the company is mulling new facilities if its expansion into India, Africa and Southeast Asia markets turns out successful, Han added.

Exchange Rates: Xe.com 4 September 2017

About Jane Ho

Jane Ho is Utech-polyurethane.com and Urethanes Technology International’s China correspondent. Jane has been writing about the Chinese polyurethane industry since 2013 covering news and in-depth segment reports. She also works for a number of other publications in the region including Forbes.